Minneapolis
CNN
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The US financial system grew at a slower tempo within the fourth quarter than beforehand estimated.
Inflation-adjusted gross home product — the broadest measure of financial exercise — elevated 2.6% for the ultimate three months of 2022, in accordance with the Commerce Division’s third and last studying for the quarter.
Progress was initially estimated at 2.9%, then revised down final month to 2.7%.
Economists have been anticipating GDP progress to carry regular at 2.7%, in accordance with Refinitiv.
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